Manulife discontinues disability products for business owners [Advisor.ca (Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
Check Earnings Report
US:NYSE Investor Relations:
manulife.com/investor-relations
Company Research
Source: Advisor.ca
ljubaphotoPlacing disability insurance for business owners will become more difficult now that Manulife Financial Corp. has stopped accepting new business for four products.In a memo obtained byThe memo stated that Manulife had made the change “in response to the shrinking demand for non-cancellable disability products.”“Closing these products allows us to focus on the other areas, and we’ll continue to offer disability products through the other channels,” said Manulife in a statement confirming the memo’s contents. “We will continue to offer Affinity and Group Benefits disability products to Canadians as well as continue to provide coverage and fulfill the contractual obligations to those who already purchased disability coverage prior to and on Sept. 30, 2022.”Non-cancellable is a type of individual disability insurance in which premiums cannot be increased, benefits cannot be reduced and the insurer cannot unilaterally cancel the contract.Manulife’s decision leaves RBC and Canada
Show less
Read more
Impact Snapshot
Event Time:
MFC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MFC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MFC alerts
High impacting Manulife Financial Corporation news events
Weekly update
A roundup of the hottest topics
MFC
News
- Manulife Financial: Company Firing On All Cylinders, But Valuation Too Rich (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Should Value Investors Buy Manulife Financial Corp (MFC) Stock? [Yahoo! Finance]Yahoo! Finance
- Manulife (MFC) Upgraded to Buy: Here's Why [Yahoo! Finance]Yahoo! Finance
- Manulife Investment Management Closes Manulife Strategic Secondaries Fund L.P. as GP-led Secondary Program Reaches More Than $600 Million [Yahoo! Finance]Yahoo! Finance
- Manulife Investment Management Closes Manulife Strategic Secondaries Fund L.P. as GP-led Secondary Program Reaches More Than $600 MillionPR Newswire
MFC
Earnings
- 2/14/24 - Beat
MFC
Sec Filings
- 3/25/24 - Form 6-K
- 3/22/24 - Form 6-K
- 2/28/24 - Form S-8
- MFC's page on the SEC website